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£170,000
Bedrooms
Bathrooms
Reception
An excellent two-bedroom terraced investment opportunity located in Bede Island.
This property features a front and rear lounge, with a fitted kitchen providing access to the garden. Upstairs, the property offers two spacious bedrooms and a family bathroom.
The property is being sold with tenants in situ, presenting an excellent investment opportunity for those looking to expand their property portfolio.
FRONT LOUNGE
The front lounge benefits from a UPVC window overlooking the front of the property and offers ample space for furnishings and storage.
REAR LOUNGE/ DINING AREA
A generously proportioned rear reception room with UPVC windows overlooking the rear garden, fitted shelving and door to staircase to the first floor.
KITCHEN
Fitted with ample storage at both base and eye levels, the kitchen includes a built-in oven and hob, washing machine, and under-counter fridge freezer. There is a UPVC door and window to the side elevation, offering access to the garden.
MASTER BEDROOM
The master bedroom boasts large UPVC windows overlooking the front of the property, providing plenty of natural light and space for furnishings and storage.
BEDROOM TWO
The second bedroom features a UPVC window with views of the rear garden and includes a fitted cupboard. The room provides versatile options for furnishings and storage.
BATHROOM
The bathroom includes a WC, basin, and shower over the bath. It also features a frosted UPVC window for privacy.
GARDEN
The private rear garden is part lawn and has an outbuilding for storage.
PARKING
There is on street parking available.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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